Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -215.8% | 41.4% | 30.3% | 41.4% | 35.4% | 33% | 24.1% | 24.5% |
| EBIT margin % | -231% | 38.2% | 29.1% | 38.8% | 31.5% | 28.7% | 20.6% | 20.1% |
| PAT margin % | -179.4% | 21.4% | 1.7% | 29.1% | 21.4% | 18.3% | 12.8% | 11.4% |
| Working capital | ||||||||
| Receivable days | — | — | 30 | 22 | 22 | — | — | — |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 508 | 976 | 836 | — | — | — |
| NWC days | — | — | -478 | -955 | -814 | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 2.78 | 1.48 | 1.91 | — | — | — |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0.18 | 0.18 | 0.28 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.05 | 0.03 | 0.03 |
| Interest coverage | -23.6 | 8.5 | 18.9 | 18.5 | 12.6 | 5.9 | 4.4 | 4.8 |
| Asset turnover | — | 0.82 | 0.29 | 0.29 | 0.29 | 0.38 | 0.39 | 0.24 |
| Return ratios | ||||||||
| Return on assets % | — | 17.6% | 0.5% | 8.5% | 6.1% | 6.9% | 4.9% | 2.8% |
| Return on capital employed % | — | — | 12.3% | 23.7% | 17.2% | — | — | — |
| Return on equity % | — | — | 0.7% | 16.1% | 10.8% | 13.6% | 7.6% | 4.3% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.